Chastened Deutsche Bank plots less risky course

FRANKFURT AM MAIN: As it emerges from years dogged by scandal, Germany’s biggest lender Deutsche Bank aims to up profitability and reclaim a place on the global stage to rival giant American competitors.

But the bank warns profits will never again reach the risk-fuelled heights of the pre-financial crisis era as it grinds through a deep restructuring, adjusts to new rules and adds thousands of jobs in regulatory compliance.